Person: Darron Kattan
Ask the Expert: How Have Supply Chain Disruptions and Increased Construction Costs Impacted Multifamily Acquisitions Among Investors Nationwide?
With rising construction costs and delayed development timeframes, existing multifamily communities have been propelled to higher rent levels and therefore higher sale values. High-growth markets, such as Florida and really...
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Multi-Housing News: BH Equities Sells Tampa Bay Community for $56M
Axonic Properties has acquired the 517-unit Osprey Pointe Apartments in St. Petersburg, Fla., from BH Equities, in an off-market transaction. Franklin Street arranged the $56 million deal. Yardi Matrix data...
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Tampa Bay Times: St. Petersburg apartment complex sells for $56 million
A large apartment complex near the southern tip of St. Petersburg has sold to a New York real estate investment firm for $56 million. Axonic Properties, which owns a handful...
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Southeast Real Estate Business: Franklin Street Negotiates $56M Sale of Multifamily Community in Tampa Bay Area
ST. PETERSBURG, FLA. — Franklin Street has negotiated the sale of Osprey Pointe Apartments, a 517-unit, garden-style multifamily community in St. Petersburg. The property sold for $56 million, or $108,317...
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Connect CRE: Franklin Street Brokers $56M Sale of St. Petersburg Apartments
Apartments, a 517-unit, garden-style multifamily community in St. Petersburg. Osprey Pointe offers one-and two-bedroom units ranging from 625 to 1,058 square feet. Amenities include on-site professional management and maintenance, a...
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